Kuda

Kuda is a digital banking platform tailored for Africans, primarily operating in Nigeria. Launched in August 2019, it is recognized as the first fully digital retail bank in the country. Kuda is licensed by the Central Bank of Nigeria and has rapidly expanded, with over 6 million bank accounts and monthly transaction volumes exceeding $3 billion. The platform offers a wide range of financial services through its mobile app, including free money transfers, savings and investment options, credit facilities, bill payments, and cashless transactions. Kuda also provides a business management product called Kuda Business, which simplifies invoicing and payments for micro, small, and medium-sized enterprises. This service includes features like bulk transfers, business account management, and assistance with necessary registrations. Kuda has established partnerships with major brands such as Microsoft and Visa, and it focuses on serving Nigeria's extensive market of over 40 million MSMEs. The company promotes a collaborative work culture and has implemented a hybrid work system to support employee well-being.